HomeCo Daily Needs REIT (ASX:HDN) Net Cash per Share : A$-0.83 (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is HomeCo Daily Needs REIT Net Cash per Share?

Net Cash per Share is calculated as Cash, Cash Equivalents, Marketable Securities minus Total Liabilities minus Minority Interest and then divided by Shares Outstanding (EOP). HomeCo Daily Needs REIT's Net Cash per Share for the quarter that ended in Dec. 2023 was A$-0.83.

The historical rank and industry rank for HomeCo Daily Needs REIT's Net Cash per Share or its related term are showing as below:

ASX:HDN's Price-to-Net-Cash is not ranked ^*
in the REITs industry.
Industry Median: 21.34
* Ranked among companies with meaningful Price-to-Net-Cash only.

HomeCo Daily Needs REIT Net Cash per Share Historical Data

The historical data trend for HomeCo Daily Needs REIT's Net Cash per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

HomeCo Daily Needs REIT Net Cash per Share Chart

HomeCo Daily Needs REIT Annual Data

Trend

Jun22

Jun23

Net Cash per Share

-0.82

-0.84

HomeCo Daily Needs REIT Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Net Cash per Share	-0.94	-0.82	-0.77	-0.84	-0.83

Competitive Comparison of HomeCo Daily Needs REIT's Net Cash per Share

For the REIT - Retail subindustry, HomeCo Daily Needs REIT's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

HomeCo Daily Needs REIT's Price-to-Net-Cash Distribution in the REITs Industry

For the REITs industry and Real Estate sector, HomeCo Daily Needs REIT's Price-to-Net-Cash distribution charts can be found below:

* The bar in red indicates where HomeCo Daily Needs REIT's Price-to-Net-Cash falls into.

HomeCo Daily Needs REIT Net Cash per Share Calculation

In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.

HomeCo Daily Needs REIT's Net Cash per Share for the fiscal year that ended in Jun. 2023 is calculated as

	Net Cash per Share (A: Jun. 2023 )
=	(Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(16.2	-	1749.3	-	0)	/	2074.37
=	-0.84

HomeCo Daily Needs REIT's Net Cash per Share for the quarter that ended in Dec. 2023 is calculated as

	Net Cash per Share (Q: Dec. 2023 )
=	(Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(14.6	-	1731.1	-	0)	/	2077.76
=	-0.83

HomeCo Daily Needs REIT (ASX:HDN) Net Cash per Share Explanation

Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.

HomeCo Daily Needs REIT Net Cash per Share Related Terms

Thank you for viewing the detailed overview of HomeCo Daily Needs REIT's Net Cash per Share provided by GuruFocus.com. Please click on the following links to see related term pages.

HomeCo Daily Needs REIT (ASX:HDN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » HomeCo Daily Needs REIT (ASX:HDN) » Definitions » Net Cash per Share

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Macquarie Place, Level 7, Gateway, Sydney, NSW, AUS, 2000

Website

https://www.home-co.com.au

HomeCo Daily Needs REIT, or HomeCo, is an externally managed property trust run by HMC Capital which also runs HealthCo Healthcare and Wellness REIT and unlisted funds. HomeCo targets 50% of assets in neighbourhood malls, 30% large-format, and 20% in health and services. After merging with Aventus Retail REIT in 2022, HomeCo is overweight large-format (just under half its portfolio) and underweight neighbourhood (one third of the portfolio), with health and services slightly below target. The plan is to move back to the target via redevelopment and tenant remixing, and potentially acquisitions. HomeCo seeks tenant leases before commencing developments, so we expect development opportunities will arise gradually, as population growth adds demand in HomeCo's catchments.

HomeCo Daily Needs REIT (ASX:HDN) Headlines

No Headlines